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Sunland Co. uses the percentage-of-receivables basis to record bad debt expense and concludes...

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Accounting

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Sunland Co. uses the percentage-of-receivables basis to record bad debt expense and concludes that 2% of accounts receivable will become uncollectible. Accounts receivable are $620,000 at the end of the year, and the allowance for doubtful accounts has a credit balance of $2,020. (a) (b). If the allowance for doubtful accounts had a debit balance of $800 instead of a credit balance of $2,020, determine the amount to be reported for bad debt expense. Bad Debts Expense $ Save for Later Attempts: 0 of 1 used Submit

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